[DISCLOSURE] Korea Flange Co. (010100) will guarantee a 46.9 billion won ($40 million) loan for its affiliated company Seouhan Auto Mexico, it announced on June 14. This amounts to 17.03 percent of its equity capital. 

June 14, 2016

[DISCLOSURE] KCC Corp (002380) will close its shareholders’ registry from July 1-7 to determine the shareholders entitled to interim dividends, it announced on June 14.

June 14, 2016

[DISCLOSURE] Hyundai Motor (005380) will close its shareholders’ registry to determine entitled shareholders, it announced on June 14.

June 14, 2016

[DISCLOSURE] Sambu Construction Industrial Co. (001470) will publicly announce on June 15 that it will go on sale in an open bid under a workout program, the company said in a statement on June 14.

June 14, 2016

[DISCLOSURE] Schnell Biopharmaceuticals (003060) announced on June 14 that it had issued a privately placed convertible bond worth 11.4 billion won ($97.2 million).

June 14, 2016

[DISCLOSURE] Hankuk Carbon Co. (017960) said on June 14 that its contract with Hyundai Heavy Industries (009540), worth 31 billion won ($26.4 million), has been cancelled. The metal tank manufacturer was to supply ultra-low temperature cold insulating material for HHI’s LNG transport vessels.

June 14, 2016

[DISCLOSURE] Lotte Food (002270) said that Korea Investment Value Asset Management Co. has newly acquired 5.07 percent of its shareholdings, in a statement on June 14. The purchase of 69,427 shares is solely for investment, said the food company.

June 14, 2016

[DISCLOSURE] Nippon Steel & Sumitomo Metal Corporation sold half of its shares of Posco (005490), bringing down the percentage of shareholding from 5 percent to 4.18 percent, Posco disclosed on June 14. The top Japanese steel manufacturer sold 750,000 shares, worth 163.8 billion won, through an after-hours block sale, and also plans to sell the rest.

June 14, 2016

[DISCLOSURE] SK Telecom (017670) will close its shareholders’ registry from July 1-10 to determine the shareholders entitled to interim dividends, it announced on June 14.

June 14, 2016

[DISCLOSURE] Halla Holdings Corp. (060980) announced on June 14 that it will establish Halla MTIS Co. as its subsidiary. It will own 51 percent of the shares of its new car parts manufacturing subsidiary.

June 14, 2016

[DISCLOSURE] In a statement on June 14, Exem (205100) announced that its affiliate company Cloudine will be merged into the firm. In a separate statement, the software developer said it will close its list of stockholders from June 30 to July 6 to confirm shareholders with rights to oppose the merger.

June 14, 2016

[DISCLOSURE] Young Heung Iron & Steel Co. (012160) will be reducing its capital by 4.5 billion won ($3.8 million) to 47.41 billion won, it said in a statement on June 14. It will cancel 9.49 percent of its common stocks.　

June 14, 2016

[DISCLOSURE] Korea Electric Terminal Co. (025540) announced on June 14 that it would close its list of stockholders from July 1-10 to confirm shareholders with rights to quarterly dividends.

June 14, 2016

[DISCLOSURE] Chinyang Holdings Corporation (100250) announced Tuesday that it would close its list of stockholders from July 1-10 to confirm shareholders with rights to quarterly dividends. 　

June 14, 2016

[DISCLOSURE] In a statement on Monday, Cheil Worldwide Inc (030000) said its talks of sales to French advertising company Publicis have broken down. It announced that it has failed to reach a conclusion on seeking cooperation with global agencies and that there was no ongoing agenda with a third party.

June 14, 2016